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Business

CPO prices rebound on news of China buying soyoil

PETALING JAYA: Prices of crude palm oil (CPO), which touched the lowest level in four years, rebounded following news that China will increase its purchase of US soyoil.

Business

Petrobras hikes diesel price, eyes divestments amid investor unease

RIO DE JANEIRO/SAO PAULO: Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference.

Analyst Reports

No changes to PetDag's earnings forecast on increase in dealer commissions

KUALA LUMPUR: Petronas Dagangan Bhd's earnings margin is not expected to be impacted by the government's announcement that dealer comissions for RON95 and diesel will be raised by 2.81 sen and three sen respectively.

Business

Govt can save RM10.7m in subsidies with B10 biodiesel

KUALA LUMPUR: The use of B10 biodiesel in the transportation sector can help the government save RM10.7 million in subsidies annually, if it is successfully implemented, said Primary Industries Minister Teresa Kok Suh Sim.

Nation

Johor groups hope for incentives and subsidies in Budget 2019

JOHOR BARU: The federal government should come up with incentives to ease the burden of doing business in the upcoming Budget 2019.

World

Brazil oil workers begin strike in new blow to government

RIO DE JANEIRO/SAO PAULO (Reuters) - Brazilian oil workers began a 72-hour strike on Wednesday in a new blow to President Michel Temer following a nationwide trucker protest that has strangled Latin America's largest economy for over a week.